Deutsche Bank to price alpha overlay securities linked to two indexes

By Marisa Wong

Milwaukee, June 16 - Deutsche Bank AG, London Branch plans to price 0% alpha overlay securities due July 22, 2013 linked to the Deutsche Bank Liquid Alpha USD 5 Total Return index and the Deutsche Bank Equity Mean Reversion Alpha index, according to an FWP filing with the Securities and Exchange Commission.

The basket level on any day equals 100 times the sum of one plus the Liquid Alpha index return on that day and two times the DB Emerald index return. The Liquid Alpha index return is reduced by an adjustment factor of 0.75% plus 1% per year. The return of the DB Emerald index is reduced by an adjustment factor of 1% per year.

The payout at maturity will be par plus the basket return, which could be positive or negative.

The notes will be called at par plus the basket return if the basket level falls below 40.

The notes are expected to price July 16 and settle July 21.

Deutsche Bank Securities Inc. and Deutsche Bank Trust Co. Americas are the agents.

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